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How will Artificial Intelligence change MBA jobs?

Blog Date
October 10,
2024

The rapid ascent of AI is apparent in industries all over the world, leading them to completely change how they conduct their business operations. The consequence of this transformation is also felt in MBA graduates, whose career paths are being redesigned with new pathways opening up while the traditional ones close. 

An understanding of the impact of AI on jobs especially in management would be necessary before taking up an MBA course in artificial intelligence or thinking about pursuing it. This article discusses how AI will affect jobs in the MBA field, including how different programs such as those provided at Online Manipal have changed so as to fit into an AI-based economy.

How has AI affected the job market for MBA graduates?

Historically, people graduating with an MBA have always been blessed when it comes to job opportunities available within the economy including finance, marketing, consulting, operations and human resource departments. They are good at strategic decision-making, management and problem-solving roles. Recently though, AI technologies have started infiltrating these roles making it imperative for an individual practicing to understand what AI is all about and gauge if an MBA in AI and ML is worth it.

Impact of AI on traditional MBA roles

Artificial intelligence in MBA is slowly but steadily making its way into every sphere of specialization ranging from financial services to marketing. Graduates from MBA programs now find themselves in an environment where machine learning (ML) and artificially intelligent algorithms have become important tools in arriving at decisions as well as improving productivity levels.

  1. Finance: AI-driven algorithms along with data analytics tools have taken over finance by automating tasks such as risk assessment, financial forecasting and forming investment strategies that were once humanly impossible. In order to make better decisions today, an individual must know how AI works in finance.
  2. Marketing: AI has revolutionized marketing through more effective consumer data analyses, personalization of advertising strategies, and automatization of customer engagement processes. For MBA graduates who want specialization in marketing, it is very crucial to understand how digital analytics with AI is done.
  3. Operations: AI-enabled smarter supply chains, preventive maintenance and process automation among others are some of the effects on operations due to the introduction of AI.
  4. Consulting: Business Intelligence (BI) and Artificial Intelligence in MBA have empowered consultants leading to more accurate insight generation from vast datasets. For any MBA seeking consultancy posts, AI technologies should be its main concern for sound business strategy formulation and resolution of problems.
  5. Human Resources: AI in MBA is revolutionizing HR by streamlining recruitment, talent development, management processes as well as performance evaluations. Human resources managers from MBA programs should also have an idea about AI applications in talent management and organizational development.

You may like to know more about impact of AI in data science careers.

Shift to data-driven decision making

Businesses have to resort to being more data-driven and have thrown away the old conventional business-oriented ways which are no longer working at all because of an increase in AI use within the company’s operations just the way Google has. 

It searches not through ranked lists based on an interpretation by humans, but relevant documents from over a billion websites that have been sorted according to relevance, scored against the user’s own behavior pattern history and then stored there so they would rank the highest if someone searched for them – all done through the use of AI.

Emergence of new roles and opportunities

AI has not only changed existing roles but also opened up new opportunities that require both business savvy and knowledge about AI. In response to the high demand for professionals who understand how to align business strategy with AI technology, MBA graduates are filling these new positions:

  1. AI consultants: These experts assist organizations in integrating AI into their operations, offering strategic advice on how to implement AI.
  2. Data strategists: With an in-depth understanding of data analytics and AI, these professionals work with firms helping them derive competitive advantages from their data.
  3. Digital transformation managers: In this capacity, managers are responsible for overseeing AI technology integration across various business units thereby fostering innovation and driving digital transformation.

Thus, these emerging positions underscore the importance of possessing business management competencies together with familiarity with how AI systems operate within an organization among other contemporary aspects within the field.

Skills MBA graduates need to thrive in an AI-driven market

As AI continues to shape today’s job market, MBA graduates need a combination of both hard and soft skills to remain competitive.

Technical skills –

  1. Basics of AI: MBA graduates must have an understanding of AI principles since it is becoming an integral part of business processes.
  2. Data analytics: One must have strong data analytical skills for correct interpretation and use of data in decision-making processes.
  3. Machine learning: Sufficient knowledge about machine learning helps MBA graduates secure roles that focus on AI.

Soft skills –

  1. Critical thinking: MBA students should apply results from AI systems to solve complex problems within their organizations.
  2. Adaptability: Professionals in this field should keep learning new things as AI continues to advance at a rapid rate.
  3. Communication: Business operations and strategies would be effective if complex AI ideas were translated into understandable terms for all employees by having good communication channels.
  4. Leadership: Leading AI-driven projects requires combining business understanding with knowing how to use technology which is why there’s something special about virtual leadership abilities along these lines.

Continuous learning and development

It is established that constant research and advancement are vital for maintaining one’s relevance in the face of ever-changing AI technologies impacting different industries over time, right from business intelligence software solutions up to AI platforms. Hence, today more than ever before, continuous education serves as an indispensable weapon for all MBA learners – they have no choice but to keep updated on the latest trends and technologies.

Case studies and real-world examples

In their operation strategies, a couple of companies have successfully integrated AI and this has led to a need for MBA degree holders who specialize in AI. For example, 

  • Amazon applies the use of Al in the optimization of its supply chain.
  • Google relies on Al for advertisement purposes. 

There is a high demand for MBA graduates who are knowledgeable in these types of contexts rooted in artificial intelligence.

Implications for business schools and MBA programs

This trend has caused drastic changes in MBA programs as AI takes the central stage in the business arena. Currently, many places offer more specific courses such as ones focusing on big data processing using AI or even machine learning within their management programming platform.

Online Manipal’s MBA programs in the AI-driven world

At Online Manipal, we feel it is important to provide our students with the necessary skills for survival in an AI world of work. Through Manipal Academy of Higher Education (MAHE), Sikkim Manipal University (SMU), and Manipal University Jaipur (MUJ), we have developed enriching online MBA programs intended to equip learners with the requisite knowledge and expertise they need for business succession in the world of artificial intelligence.

Our MBA programs train students to meet the rising demand for this sector in business. It is designed to teach digital transformation through AI and can be applied practically to any company for business success in line with the latest technology. Moreover, to access this flexible kind of study, one does not have to quit his or her job because the course is designed for working professionals wishing to upgrade their abilities.

The bottom line

There are new opportunities that have been created in the jobs sector for MBA graduates due to artificial intelligence while the traditional roles have also been changing because of this. If professionals want to survive in an AI-dominated business environment, they must develop themselves with the required technical and soft skills necessary for future success as MBA graduates within organizations.

At Online Manipal, we offer advanced online MBA programs that focus on digital transformation meant for students and employees who desire to stay ahead of time. So, if you want to sign up for an online MBA course, we are here to further your career prospects even in today’s job settings where artificial intelligence (AI) dominates most professions.

Unlock opportunities with our top online degree programs

Bachelor’s DegreeMaster’s Degree
Bachelor of Computer Applications (BCA)Master of Business Administration (MBA)
Bachelor of Business Administration (BBA)Master of Computer Applications (MCA)
Bachelor of Arts (BA)MSc in Data Science (MSc-DS)
Bachelor of Commerce (BCOM)- MUJMaster of Commerce (MCOM)
Bachelor of Commerce (BCOM)- SMUMaster of Arts in English (MA)

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • ai
  • ai in mba jobs
  • artificial intellgence
  • how ai will change mba jobs
  • mba jobs
  • online degree
  • online education in India
  • Online MBA

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